Barclays PLC reported beneficial ownership of 1,379,923 Pinnacle Acquisition Corp (PNAQ) units, representing 6.82% of the class. Barclays PLC identified Barclays Bank PLC as the subsidiary associated with the reported securities.
Pinnacle Acquisition Corp. (PNAQ) reported that its sponsor, PAC Sponsor, LLC, forfeited 750,000 Class B ordinary shares after the underwriters’ 45-day over-allotment option expired without exercise; the company cancelled the shares. The forfeiture was to maintain the sponsor’s 20.0% ownership of issued and outstanding ordinary shares, excluding Class A shares underlying its private-placement units.
Starting September 25, 2026, holders may elect to separate the Class A ordinary shares and rights included in their units. Separated shares and rights are expected to trade as PNAQ and PNAQ.RT, while units that remain intact continue trading as PNAQ.U. To separate units, holders need their brokers to contact transfer agent Continental Stock Transfer & Trust Company. The August 10, 2026 IPO comprised 20,000,000 units sold at $10.00 each, generating $200 million in gross proceeds.
Pinnacle Acquisition Corp cancelled 750,000 Class B ordinary shares surrendered by PAC Sponsor, LLC for no consideration on September 21, 2026, because the underwriters did not exercise their over-allotment option.
AVR Capital Holdings, LLC and Andrew Rechtschaffen, a director, each reported beneficial ownership of 6,225,000 ordinary shares, or 24.68%, based on 25,225,000 ordinary shares outstanding as of September 21, 2026. Each reported sole voting and dispositive power over 1,000,000 shares and shared voting and dispositive power over 5,225,000 shares. Their reported holdings include Class B shares convertible one-for-one into Class A shares at the initial business combination, or earlier at the holder’s option, subject to adjustment.
Pinnacle Acquisition Corp cancelled 750,000 Class B ordinary shares surrendered by PAC Sponsor, LLC for no consideration on September 21, 2026, after the underwriters did not exercise their over-allotment option. As of that date, PAC Sponsor, LLC reported beneficial ownership of 5,225,000 ordinary shares, or 20.71% of the 25,225,000 ordinary shares outstanding. Its reported position comprised 225,000 Class A ordinary shares and 5,000,000 Class B ordinary shares.
The 5,000,000 Class B shares are automatically convertible into Class A ordinary shares one-for-one at the initial business combination, or earlier at the holder’s option, subject to adjustment. PAC Sponsor, LLC reported sole voting and dispositive power over 5,225,000 shares, with no shared power.
Pinnacle Acquisition Corp. (PNAQ) disclosed that PAC Sponsor, LLC surrendered 750,000 Class B ordinary shares for no consideration and the issuer cancelled them on September 21, 2026, under contractual arrangements because the underwriters did not exercise their over-allotment option. Steven K. Hudson, the issuer’s Chairman and Chief Executive Officer, reported beneficial ownership of 6,475,000 ordinary shares, or 25.67%, based on 25,225,000 ordinary shares outstanding as of that date. Hudson shares control of the Sponsor and voting and investment discretion over its securities, while disclaiming beneficial ownership except to the extent of any direct or indirect pecuniary interest.
Pinnacle Acquisition Corp (symbol: PNAQ) is the issuer of record for a Form 4 filing submitted to the SEC.
Pinnacle Acquisition Corp (symbol: PNAQ) is the issuer of record for a Form 4 filing submitted to the SEC. Hudson Steven Kenneth reported disposition transactions in this Form 4 filing.
Pinnacle Acquisition Corp (PNAQ) reports that its sponsor, PAC Sponsor, LLC, surrendered 750,000 Class B Ordinary Shares to the issuer for no consideration on September 21, 2026. The sponsor's reported position following the transaction was 5,000,000 Class B Ordinary Shares. Steven K. Hudson, Pinnacle Acquisition Corp's Chief Executive Officer and a co-managing member of the sponsor, is identified as the reporting person.
Pinnacle Acquisition Corp (symbol: PNAQ) is the issuer of record for a Form 4 filing submitted to the SEC. RECHTSCHAFFEN ANDREW reported disposition transactions in this Form 4 filing.
Pinnacle Acquisition Corp received 750,000 Class B Ordinary Shares from PAC Sponsor, LLC for no consideration on September 21, 2026, after the underwriters chose not to exercise the over-allotment option. Andrew Rechtschaffen, a 10 percent owner, reported this as an indirect transaction; the Sponsor held 5,000,000 Class B Ordinary Shares following it. Steven K. Hudson and AVR Capital Holdings, LLC, an affiliate of Andrew Rechtschaffen, are the Sponsor's co-managing members and control its management, including voting and investment discretion over Sponsor securities. Class B Ordinary Shares convert into Class A Ordinary Shares one-for-one at the initial business combination, or earlier at the holder's option, subject to adjustments.
AVR Capital Holdings, LLC and Andrew Rechtschaffen report beneficial ownership of 6,975,000 Ordinary Shares of Pinnacle Acquisition Corp (Class A and Class B), representing 26.85% of the 25,975,000 Ordinary Shares outstanding as of August 10, 2026. The position consists of 5,750,000 Class B “Founder Shares” (automatically convertible into Class A on a one-for-one basis) plus Class A Ordinary Shares held through 225,000 Placement Units and 1,000,000 Public Units. The aggregate purchase price for these securities is $12,275,000, funded by the Sponsor’s and AVR Capital’s working capital. The Sponsor, co-managed by AVR Capital and the issuer’s CEO, is subject to lock-up, voting and non-redemption commitments, and an indemnity designed to support a minimum of $10.00 per public share in the SPAC trust account if no business combination occurs within 21 months of the IPO.
PAC Sponsor, LLC reports beneficial ownership of 5,975,000 Ordinary Shares of Pinnacle Acquisition Corp (PNAQ), representing 23.00% of the company’s outstanding Class A and Class B ordinary shares as of August 10, 2026. This includes 225,000 Class A shares from private placement units and 5,750,000 Class B founder shares that are automatically convertible into Class A on a one-for-one basis in connection with, or prior to, the initial business combination.
The sponsor paid an aggregate of $2,275,000 for these securities, funded from its working capital. Founder shares and placement units are subject to lock-up and an Insider Letter that commits the sponsor to vote in favor of a business combination, refrain from certain charter amendments without a redemption opportunity, and waive liquidating distributions on these sponsor-held shares if no deal occurs within 21 months of the IPO.